Walmart Inc. — Director's Dealing 2008

May 21, 2008

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: WAL MART STORES INC (WMT)
CIK: 0000104169
Period of Report: 2008-05-16

Reporting Person: DUKE MICHAEL T (Vice Chairman)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2008-05-16	Common Stock	M	16526	$19.9688	Acquired	463885.856	Direct
2008-05-16	Common Stock	G	1755	—	Disposed	462130.856	Direct
2008-05-16	Common Stock	G	1055	—	Disposed	461075.856	Direct
2008-05-16	Common Stock	F	10452	$57.04	Disposed	450623.856	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2008-05-16	Stock Options	$19.9688	M	16526	Disposed	2008-07-31	Common Stock (16526)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	1126.029	Indirect

Footnotes

F1: Balance adjusted to reflect shares acquired through the Wal-Mart Stores, Inc. Associate Stock Purchase Plan.

F2: Includes shares that were withheld to pay taxes upon the exercise of stock options, and shares that were delivered to pay the option exercise price.

F3: Balance adjusted to reflect shares acquired through the Wal-Mart Stores, Inc. Profit Sharing and 401(k) Plan.

F4: The option was exercisable in seven equal annual installments beginning on August 1, 1999.